The Supervisory Board appoints, monitors and advises the Management Board and is involved in fundamental decisions made by the Bank. The Management Board informs the Supervisory Board of the proposed business policy and other fundamental matters during the meetings and also orally, particularly in conversations between the Chairperson of the Management Board and the Chairperson of the Supervisory Board.
Section 25d (11) sentence 2 no. 3 of the German Banking Act (KWG) requires the Supervisory Board to evaluate the structure, size, composition and performance of the management and supervisory body on a regular basis, at least once a year. As in previous years, the Supervisory Board used questionnaires for this purpose, not only to evaluate various aspects of its own work, but also to evaluate the work of the Management Board. The efficiency review conducted at the end of 2017 revealed that the Supervisory Board is on the whole satisfied with the efficiency of its activities. In order to further improve its efficiency, the Supervisory Board used the answers to the questionnaires to approve isolated measures and identify topics for further training.
In order to ensure that the Supervisory Board‘s knowledge and expertise is up-to-date at all times, various submissions presented to the Supervisory Board in the past year were of an educational nature. These related in each case to current topics. Further information on the educational measures is set out in the report of the Supervisory Board.